Press Release

MDU Resources Increases Dividend for 28th Consecutive Year

Company Release - 11/15/2018 11:25 AM ET

BISMARCK, N.D., Nov. 15, 2018 /PRNewswire/ -- The MDU Resources Group, Inc. (NYSE: MDU) board of directors today increased the company's quarterly common stock dividend to 20.25 cents per share, for an annualized dividend of 81 cents per share. The previous quarterly dividend was 19.75 cents per share.

MDU Resources logo

This is the 28th consecutive year that MDU Resources has increased its common stock dividend and the 81st year the company has paid uninterrupted dividends to shareholders. Of the U.S.-listed, dividend-paying companies, fewer than 90 have increased their stock dividend as many consecutive years as MDU Resources.

MDU Resources' commitment to increasing its dividends also puts the company on the S&P High-Yield Dividend Aristocrats index, which measures the performance of companies within the S&P Composite 1500 that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 years.

"We take great pride in our long history of paying competitive dividends as part of our commitment to providing value to our investors," said Harry J. Pearce, chair of the board.

The dividends are payable Jan. 1, 2019, to stockholders of record Dec. 13, 2018.

About MDU Resources
MDU Resources Group, Inc., a member of the S&P MidCap 400 index and the S&P High-Yield Dividend Aristocrats index, is Building a Strong America® by providing essential products and services through its regulated energy delivery and construction materials and services businesses. For more information about MDU Resources, see the company's website at www.mdu.com or contact the Investor Relations Department at investor@mduresources.com.

Financial Contact: Jason Vollmer, vice president, chief financial officer and treasurer, 701-530-1755
Media Contact: Laura Lueder, manager of communications and public relations, 701-530-1095

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SOURCE MDU Resources Group, Inc.